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S&P 500 - sidewaysUS stock indices finished lower on Tuesday with the broad-based, domestically-focused Russell 2000 leading the decline. The Russell represents US mid-to-smaller-cap stocks, and closed down 1.2%. It has now lost over 5% since making a fresh all-time high three weeks ago, after rallying 11% in the aftermath of Trump’s election victory in early November. The Dow has dropped around 3.5% from its own record high in early December. Yesterday’s loss meant that the old school, price-weighted index has registered nine successive losing sessions, its worst run in over six years. In contrast, the S&P 500 continues to consolidate just below all-time highs, while the NASDAQ 100 posted its own record high on Monday. Tech stocks continue to garner investor interest, despite their considerable outperformance in 2024. This morning, Tesla dropped 3%, pulling back a touch from its own all-time high hit on Monday. This followed news that the EV giant’s Shanghai plant manager is leaving the company. In contrast, NVIDIA jumped 3%, bouncing off the nine week low hit yesterday. Longer term US Treasury yields continue to creep up. The yield on the 10-year is back to a fresh four week high, above 4.40% and closing in on the potentially problematic level above 4.50%. This level could prove to be a headwind for equities. Bond yields will be in sharp focus this evening as the Federal Reserve announces its final rate decision of the year. The consensus expectation is that the Fed’s FOMC will cut by 25 basis points, taking the Fed Funds rate to 4.50% for a total 100 basis points-worth of rate cuts this year, beginning in September. But likely of greater importance will be the FOMC’s quarterly Summary of Economic Projections (SEP) where members give their forecasts for GDP growth, unemployment, inflation and the Fed Funds rate for next year and beyond. This will provide a set of guidelines for investors who currently predict just 50 basis points of additional cuts in 2025. Contrast this with September’s SEP when the FOMC forecast 100 basis points-worth of cuts next year. Fed Chair Jerome Powell will also host a press conference which will be of great interest to market participants. The prevailing view is that the Fed will accompany the rate cut with hawkish comments, indicating that it’s time to take a pause in loosening monetary policy. This seems wise, given the incoming Trump administration, the recent uptick in inflation, decent US economic growth and the strength of the US stock market.
TRADENATIONSB:US500
by TradeNation
DOW JONES 13-year pattern that never failed eyes $48000.Dow Jones (DJI) gave us the best bullish break-out signal exactly 1 year ago (December 13 2023, see chart below), as our buy entry at 36577 hit our 42900 long-term Target last October: At that time we made a clear point why that rally 'shouldn't surprise you' and it is because of this pattern's consistency for so many years. This 1W time-frame chart shows the cyclical behavior of the index, which peaks (Sine Wave top), then pulls back and starts forming a Rising Wedge (Sine Wave bottom) and when it breaks above the Rising Wedge, is where it flashed the bullish break-out signal we got a year ago. As you can see it then starts a gradual rise on the BB20 and completes the Cycle again (Sine Wave top) after roughly a +47% rally. The title mentions that this pattern 'never failed', practically it only broke during the COVID flash crash, which was a non-technical event than occurs once every 100 years. As you can see even the 1W MACD sequences between the cyclical patterns are identical. As a result, our Target towards the Sine Wave peak is 48000. If this is achieved in Q2 2025, based on Dow's current Channel Up (dashed), then we expect the index to remain on those high levels but turn more neutral sideways towards the end of 2025 and then eventual start of the new Bear Phase. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
3.5% Decline on The Dow Jones 30 But Is This Unusual?Looking at the trend structure over the last 8 months, we can see a pattern play out. Since April, pullbacks of between 3.5% and 7% have been part and parcel of the Dow Jones’s trend structure. (highlighted in red) The current pullback of 3.5% falls within this range. Note also how our trend filter remains mostly green and grey, with speckles of red, since April, in line with the long-term bull trend. The index has now fallen to the d50sma (orange line), where we want to see it find support, bounce, break out and continue its climb to 50,000, as it has done since April. The Dow Jones is also a good example of how trend structures can change despite no change in direction. October to March saw a much faster trend, using the d20sma (blue line) as support, eventually breaking through in April and leading to a change in trend structure. The Dow Jones is currently lagging behind the Nasdaq 100, which is setting record highs above 20,000 for the first time, and the S&P 500, which has settled into a mini consolidation above the 6000 level. We ideally want to see Santa deliver in the final 2 weeks of December. However, if the indices and stocks don't show new trend continuations through the rest of 2024, we want them to hold within consolidation, which will act a bases for trends in the New Year. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment. :0) See below for more information on our trading and trend-following techniques. As always, keep it simple, keep it Sublime.
DJ:DJILong
by Sublime_Trading
The Nifty spot intraday trend forecast for December 19, 2024The Nifty intraday trend is likely to be bearish tomorrow ie December 19, 2024. The positional trend also looks bearish till the end of the month. There are strong support zones for Nifty spot on the positional side at 23678 and 23381 by end of December 2024. For the positional Nifty trend forecast chart, please refer to the post dated on 30th November 2024 published for Trading view members only. The content provided here is only for the educational purposes.
NSE:NIFTYShort
by Mastersinnifty
Technical Analysis of EGX 30 Index ChartHello Dear Traders, ### **1. Overview of the Chart** - **Gann Trend 1/1 Line:** Represented by the red diagonal trendline, indicating a significant Gann angle. - **Parallel Channels:** Yellow and white lines represent upward-sloping price channels. - **Current Price:** **30,474.90 EGP** - **RSI Indicator:** The Relative Strength Index (RSI) is displayed at the bottom to show market momentum. --- ### **2. Key Observations** 1. **Price Position Relative to Gann Line:** - The price is hovering **near the Gann 1/1 line** (red trendline) acting as resistance now.. - This line acts as both a **support** and a **resistance**. A break above this line may trigger further bullish momentum. 2. **Price Channels:** - The price is trading within an **upward-sloping channel**. - **Midline (white):** The price has been consolidating near this critical area. A sustained move below this level could target the lower channel boundary. - **Upper Boundary:** Resistance lies near **32,000 - 33,000 EGP**. - **Lower Boundary:** Support near **30113 - 29,000 EGP**. 3. **RSI Analysis:** - **Current RSI Value:** **39.60**, which indicates the market is **approaching oversold conditions**. - **RSI-based Moving Average:** **49.92** shows bearish momentum. --- ### **3. Potential Scenarios** #### **Bullish Scenario:** - **Condition:** Price holds above the **Gann 1/1 line** and rebounds towards the upper channel. - **Target Levels:** - **32,000 - 33,000 EGP** (upper boundary). - **Current support from here to **30,113 EGP** --- ### **4. Recommendations:** - **Short-term Traders:** Watch for price behavior near the **Gann 1/1 line** and RSI support. - **Breakout Watch:** Monitor price for a break above the current channel midline. - **Confirmation Signals:** Use **RSI divergence** or price reaction near **30,113 EGP** for entry signals.
EGX:EGX30
by Magic_xD
US Index (US30) – Daily Time Frame AnalysisUS Index (US30) – Daily Time Frame Analysis Overview: Today, let’s analyze the US Index (US30) on the daily time frame. Over the past several days, spanning more than a week, the trend has been distinctly bearish. Key Observation: The price is now nearing a significant key level in the range of 43,200–43,300. This area could act as a strong support zone, offering a potential opportunity for a long trade. Trade Idea: Entry Zone: 43,200–43,300 Monitor this range closely. Look for bullish confirmation signals, such as wick rejections, bullish engulfing candles, or other reversal patterns before entering a trade. Potential Target: If the setup aligns, the trade could aim for the previous week’s high. Keep in mind this move could take up to a week to materialize, but the potential gain from this trade could be significant. Important Reminders: Wait for Confirmation: Ensure a clear rejection or reaction at the key level before executing the trade. Focus on Risk Management: Safeguarding your capital is crucial. Avoid impulsive or revenge trading. Be Patient: Allow the trade to develop at its own pace; rushing can lead to mistakes. Trading is Reactive, Not Predictive: Respond to price action as it unfolds rather than trying to forecast the future.
ICMARKETS:US30Long
by KainT21
DAX is showing a dangerous pattern‼️DAX is showing a dangerous pattern The german index, XETR:DAX has been in a strong bull market for a long timet, but recently we had a confirmation of a RISING WEDGE PATTERN (in blue). ✅ What does a RISING WEDGE PATTERN imply? Rising wedges are usually formed at the end of trends and when the price breaks below the blue support trendline, a fast decline happens. The fundamentals in germany are quite bad, and if there is no response from Europe, we could see a dangerous fall in the german index. Sometimes rising wedges break up, BUT this only happens in extremly greedy situations, like the tops in $NASDAQ:TSLA. If there is an upper break, means that we are facing the LAST rally, so again a brutal falldown is likely to occur. 💰 How to trade this chart pattern? You should wait for the break of the blue trendline to short the market and search for a fast but very profitable trade. I do not recommend trading it if the break occurs on the opposite side, because panic moments are much more profitable with less risk. 🛡️ The risk management strategy As we have done in so many previous ideas, remember you can split the position in 2. - 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 2% will be ok. - 50% of the position to a price as large as the previous pattern, which would mean a profit of 15 to 20%. Anyway, to increase our chances to arrive to the second TP, we recommend using a 10% take profits. The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a RISK-FREE TRADE. ✴️ ENJOY AND FOLLOW for more 😊
XETR:DAXShort
by TopChartPatterns
2
DXY Is Going Up! Long! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 106.958. Taking into consideration the structure & trend analysis, I believe that the market will reach 109.013 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
TVC:DXYLong
by SignalProvider
1
Why is Dow Jones on a losing streak?The Dow Jones Industrial Average (DJIA) (Ticker AT: USAIND) recently experienced its longest negative streak since 2018, racking up eight consecutive sessions of declines. This downtrend began on December 4, when the index closed above 45,000 points for the first time in history. Since then, it has shown a downward trend, reflecting the volatility and fluctuations of the market in the current period. During this period, the DJIA has shown a downward trend, while other indexes such as the Nasdaq have experienced increases, reaching new all-time highs. For example, the Nasdaq rose 1.24% and closed at new all-time highs, while the S&P 500 advanced 0.38%. However, these positive closes were the result of the strong performance of a few stocks, such as Alphabet, Apple and Tesla, which set new all-time highs. The recent drop in the Dow Jones Industrial Average (DJIA), is due to several factors that have generated uncertainty in the markets. Here are the main reasons behind this behavior: 1. Interest Rate Concerns 2. • The persistence of high interest rates by the Federal Reserve (Fed) to combat inflation continues to negatively affect sensitive sectors, such as real estate and industrials. • Investors fear that these rates could be prolonged, limiting economic growth. 2.Recession Fears • Mixed economic data, such as a slowdown in consumer spending and industrial production, have fueled concerns about a possible recession in 2024. • Although the labor market remains strong, other indicators, such as the manufacturing index, reflect weakness. 3. Impact of the Industrial Sector • Given that the DJIA is largely comprised of industrial and consumer goods companies, any weakness in these sectors directly impacts its performance. • Key companies in the index, such as Boeing and Caterpillar, have suffered setbacks due to global uncertainty. 4. Strength of the dollar • The strengthening of the dollar against other currencies negatively affects DJIA companies with high international exposure, reducing the competitiveness of their products abroad. 5. Rotation to Other Indices • Investors are favoring indices more exposed to the technology sector, such as the Nasdaq, which has had a positive performance thanks to the momentum of artificial intelligence and other technological advances. 6. Geopolitical Tensions • Uncertainties in the Middle East, as well as trade tensions between the U.S. and China, have increased risk aversion, especially affecting global companies in the DJIA. On the technical side, the index has had several bearish days that are reaching its last support zone near 43,300 points. If this zone is pierced, it could evolve towards the checkpoint near 42,100 points. On the other hand, the index is currently oversold at 41.72% and its mid-range crosses do not indicate a change in direction. If we look at the MACD if there has been a turn of the trend of the average of 12 crossing below the average of 26, which shows that in the short term this situation does not seem to have changed. It is important to note that the DJIA is a price-weighted index, which means that higher-priced stocks have a more significant impact on its movement. Therefore, fluctuations in the prices of high-value stocks can significantly influence the index's performance. For investors and analysts, this negative streak in the DJIA underscores the importance of monitoring market trends and considering factors such as index composition, global economic conditions and monetary policies that can influence stock index performance. Ion Jauregui - Analyst ActivTrades ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:USAIND
by ActivTrades